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Trending ETFs

Name

As of 05/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.51

$15.6 M

0.00%

$0.00

1.89%

Vitals

YTD Return

-13.1%

1 yr return

-8.0%

3 Yr Avg Return

3.3%

5 Yr Avg Return

2.7%

Net Assets

$15.6 M

Holdings in Top 10

75.3%

52 WEEK LOW AND HIGH

$10.5
$10.30
$12.35

Expenses

OPERATING FEES

Expense Ratio 1.89%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 332.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$250,000

IRA

$250,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.51

$15.6 M

0.00%

$0.00

1.89%

GHSIX - Profile

Distributions

  • YTD Total Return -13.1%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Good Harbor Tactical Select Fund
  • Fund Family Name
    Good Harbor
  • Inception Date
    May 16, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

Using a combination of tactical asset allocation strategies, Good Harbor Financial, LLC (the “Adviser”) seeks to achieve the Fund’s investment objective by investing in U.S. and non-U.S. equity markets during sustained rallies and investing defensively in U.S. Treasury bonds during weak equity market conditions. The Adviser generally seeks exposure to equities and treasuries through a variety of investments that provide exposure to equity market and treasury bond indices, including exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), mutual funds, equity securities (such as common stock), U.S. government securities, and derivative instruments. The Fund’s principal derivative investments are swaps, structured notes, futures and options designed to provide exposure to a particular equity or treasury bond index or replicate the returns of one or more such indices.

The Fund will incorporate multiple tactical asset allocation strategies selected by the Adviser. These may include: (1) strategies that target U.S. equity markets; (2) strategies that vary their exposure to different sectors within a market, or tactical sector strategies (commonly referred to as sector rotation strategies); and (3) strategies that target non-U.S. equity markets such as foreign developed markets or emerging markets.

The Adviser defines a tactical asset allocation strategy as an investment strategy which targets a specific asset class but has the ability to move out of that asset class under certain conditions. Tactical asset allocation strategies are generally implemented through an objective, model-based investment process. Objective, model-based tactical asset allocation strategies generally have a low correlation to broad market benchmarks.

The Fund combines multiple tactical investment strategies into a single Fund. One of the objectives is to diversify the inherent model risk associated with tactical strategies in an attempt to generate favorable risk adjusted returns. Because many of these strategies are objective, model-based strategies, these types of strategies carry an inherent “model risk” – the risk that any given model may experience periods of outperformance as well as periods of underperformance. Blending tactical strategies can address the potential volatility associated with this model risk by diversifying across multiple models.

Models are developed for these strategies independently, and the models can differ because risk can vary within asset classes or market sectors; they can also differ with respect to their views of risk at a particular point in time as risk can vary over time. The Adviser believes that tactical strategies are characteristically less correlated to broad market benchmarks than strategies that have a mandate to carry a similar risk profile of a named benchmark. In addition, tactical allocation strategies often have low correlation to one another. The Adviser’s research indicates that the low correlation between tactical strategies allows these strategies to be blended together within an investment sleeve resulting in diversification benefits such as a reduction in volatility and improvements in other risk-based measures. This has been observed in tactical strategies targeting both the U.S. equity markets and global equity markets.

The Adviser utilizes an investment process whereby tactical asset allocation strategies are evaluated and selected for their ability to achieve the Fund’s investment objective and diversify risk within the portfolio. The Adviser may select a combination of strategies that target similar markets because of their ability to contribute to reduced risk and enhanced return characteristics. The Fund may invest in affiliated and unaffiliated funds.

Once selected, the Adviser determines the allocation weights across the strategies which are held within the Fund’s portfolio.

Portfolio Allocation. At any given time, the Fund’s portfolio will be invested in all equities, all treasuries or both equities and treasuries. Within each major asset category, further allocations are made across market capitalization or individual sectors and duration. The Adviser attempts to further enhance returns through the use of leveraged ETFs and/or derivatives.

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GHSIX - Performance

Return Ranking - Trailing

Period GHSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.1% -33.1% 32.5% 74.64%
1 Yr -8.0% -32.3% 35.7% 68.35%
3 Yr 3.3%* -2.4% 24.0% 83.53%
5 Yr 2.7%* -0.9% 15.2% 85.71%
10 Yr N/A* -2.0% 11.5% N/A

* Annualized

Return Ranking - Calendar

Period GHSIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% -19.0% 48.3% 9.63%
2022 3.9% -16.5% 52.8% 60.08%
2021 4.6% -10.4% 27.3% 82.93%
2020 -12.2% -29.6% 2.4% 67.11%
2019 12.6% -11.6% 29.4% 24.88%

Total Return Ranking - Trailing

Period GHSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.1% -33.1% 32.5% 70.36%
1 Yr -8.0% -32.3% 35.7% 62.95%
3 Yr 3.3%* -2.5% 24.0% 79.22%
5 Yr 2.7%* -1.4% 15.2% 83.12%
10 Yr N/A* -2.0% 11.5% N/A

* Annualized

Total Return Ranking - Calendar

Period GHSIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% -19.0% 48.3% 9.63%
2022 3.9% -16.5% 52.8% 60.08%
2021 4.6% -10.4% 27.3% 82.93%
2020 -8.3% -29.6% 2.4% 57.89%
2019 15.3% -5.4% 29.4% 28.17%

NAV & Total Return History


GHSIX - Holdings

Concentration Analysis

GHSIX Category Low Category High GHSIX % Rank
Net Assets 15.6 M 1.96 M 15.7 B 92.88%
Number of Holdings 30 2 3255 59.43%
Net Assets in Top 10 13.1 M 349 K 12.1 B 89.32%
Weighting of Top 10 75.27% 17.4% 100.0% 47.79%

Top 10 Holdings

  1. Pacer Trendpilot™ US Large Cap ETF 20.03%
  2. iShares Short Treasury Bond ETF 15.01%
  3. iShares 3-7 Year Treasury Bond ETF 11.80%
  4. iShares Core S&P Mid-Cap ETF 5.18%
  5. Energy Select Sector SPDR® ETF 5.08%
  6. iShares MSCI Eurozone ETF 4.22%
  7. iShares MSCI Emerging Markets ETF 4.22%
  8. iShares Russell 2000 ETF 3.46%
  9. iShares MSCI Switzerland ETF 3.14%
  10. iShares MSCI United Kingdom ETF 3.12%

Asset Allocation

Weighting Return Low Return High GHSIX % Rank
Stocks
72.74% 0.00% 238.38% 19.93%
Bonds
23.22% 0.00% 194.08% 53.02%
Cash
4.03% -163.86% 88.88% 56.58%
Preferred Stocks
0.00% 0.00% 6.21% 43.77%
Other
0.00% -72.87% 73.78% 75.44%
Convertible Bonds
0.00% 0.00% 8.92% 63.35%

Stock Sector Breakdown

Weighting Return Low Return High GHSIX % Rank
Financial Services
15.35% 0.00% 98.22% 23.63%
Technology
15.24% 0.00% 85.77% 65.82%
Energy
12.61% 0.00% 60.37% 12.66%
Healthcare
11.04% 0.00% 38.63% 56.96%
Industrials
10.56% 0.00% 23.85% 30.80%
Consumer Cyclical
10.31% 0.00% 25.83% 43.88%
Consumer Defense
6.88% 0.00% 37.51% 40.93%
Communication Services
5.94% 0.00% 21.61% 55.70%
Basic Materials
5.75% 0.00% 56.73% 29.96%
Real Estate
3.68% 0.00% 99.54% 48.52%
Utilities
2.64% 0.00% 91.12% 54.01%

Stock Geographic Breakdown

Weighting Return Low Return High GHSIX % Rank
US
42.73% 0.00% 235.84% 33.45%
Non US
30.01% -6.82% 98.11% 7.83%

Bond Sector Breakdown

Weighting Return Low Return High GHSIX % Rank
Government
61.87% 0.00% 99.78% 21.35%
Cash & Equivalents
38.12% 0.22% 100.00% 43.77%
Derivative
0.00% 0.00% 72.21% 58.36%
Securitized
0.00% 0.00% 52.99% 59.79%
Corporate
0.00% 0.00% 98.30% 75.80%
Municipal
0.00% 0.00% 19.13% 48.75%

Bond Geographic Breakdown

Weighting Return Low Return High GHSIX % Rank
US
23.22% -17.22% 123.28% 41.99%
Non US
0.00% -2.67% 70.80% 78.65%

GHSIX - Expenses

Operational Fees

GHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.44% 3.72% 28.93%
Management Fee 0.90% 0.00% 1.50% 54.80%
12b-1 Fee 0.00% 0.00% 1.00% 7.65%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

GHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 54.29%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 332.00% 0.00% 441.00% 91.67%

GHSIX - Distributions

Dividend Yield Analysis

GHSIX Category Low Category High GHSIX % Rank
Dividend Yield 0.00% 0.00% 11.78% 57.65%

Dividend Distribution Analysis

GHSIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

GHSIX Category Low Category High GHSIX % Rank
Net Income Ratio 0.02% -2.12% 13.72% 60.14%

Capital Gain Distribution Analysis

GHSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GHSIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.12 13.0